Movement Alert|Galaxy Digital Holdings Ltd. Rises 7.18% in Regular Trading, Data Center Q3 Lease Revenue Guidance Boosts Valuation

Market Focus
Aug 12

On August 12, Galaxy Digital Holdings Ltd. rose 7.18% in regular trading, trading at $21.3/share, with turnover of $18.33 million, extending its recent upward momentum.

On the news front, the company's Helios campus Phase I, delivering 133 megawatts of critical IT load to CoreWeave under a 15-year lease agreement, has been fully operational. Starting Q3, quarterly lease revenue is expected to reach approximately $80 million, with adjusted project-level EBITDA margins exceeding 90%. Additionally, the company completed pricing of $3.51 billion in senior secured notes to finance data center expansion and acquired 500 acres in McGregor, Texas, to construct a second AI and high-performance computing campus.

While Q2 revenue of $856 million missed the analyst estimate, with adjusted EPS of -$0.09, the market has since digested the earnings shortfall and refocused on the high-certainty data center revenue growth trajectory. The Q2 data center segment contributed $20 million in adjusted gross profit and $11 million in adjusted EBITDA, validating the business model ahead of full-scale Q3 ramp.

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